New York State Expands Solar Incentives
http://www.solarnovus.com/index.php?option=com_content&view=article&id=4176:new-york-state-expands-solar-incentives&catid=45:politics-policy-news&Itemid=249
Last week in the New York Governor Andrew Cuomos State of the State address, he announced an initiative with a goal of quadrupling solar energy installations by 2013. In New Yorks budget plan that was unveiled yesterday, details of the two new tax credits in whats being called the NY-Sun Initiative were released.
First off, commercial customers would be exempt from state sales tax on solar electric systems. Local governments can opt to waive their local sales tax as well. This expands the current tax credit that is only for residential customers.
Leased systems will also quality for a state income tax credit of a proposed 12.5%, or half of what homeowners currently get for a purchased system.
Carol E. Murphy, Executive Director of the Alliance for Clean Energy New York said the group applauds Governor Cuomos call for energy efficiency and the expansion of our renewable resources.
<more>